Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — North American Prospect Expo 2026
18 slides from Omega Oil & Gas's conference presentation, Feb 18, 2026
Slide 1: North American Prospect Expo
North American Prospect Expo For personal use only 18-20 February 2026 This release has been authorized on behalf of the Omega Board. ASX:OMA | omegaoilandgas.com.au
Slide 2: Disclaimer
Disclaimer This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this presentation does not take into account the recipient’s financial status, taxation position, objectives, situation or in this document has been prepared for information p
Slide 3: Omega's Investment Proposition
Omega’s Investment Proposition Omega is positioned as a first-mover and is rapidly de-risking a major, new oil and gas province in Queensland, Australia For personal use only 1 Material shortfalls in Australia’s east coast domestic and LNG export markets present a major opportunity for Omega 2 Rare,
Slide 4: Bullish Local Gas Market Outlook
Bullish Local Gas Market Outlook Large, high-priced, long-lasting domestic and international gas markets. Located near pipeline infrastructure Domestic - Australian Southern States Supply Shortfall 1 Key insights LNG Export Terminal For personal use only Supply and demand forecast, BCF per year • Su
Slide 5: Historical Commodity Pricing
Historical Commodity Pricing Australian energy prices track above global benchmarks while US gas market remains decoupled Monthly Average Oil Price: WTI and Brent 1 Monthly Average Gas Price: Henry Hub and Australian East Coast Domestic Market 2 For personal use only US$ per barrel (LHS) and Brent o
Slide 6: Queensland is a Favorable Jurisdiction for the Oil and Gas Industry
Queensland is a Favorable Jurisdiction for the Oil and Gas Industry A long history of oil and gas development with access to necessary skills and capability For personal use only 1. Large acreage position and highly – More than 340,000 net operated acres in the Taroom Trough attractive net revenue i
Slide 7: The Taroom Trough
The Taroom Trough Largest region of the world-class, prolific coal-bearing Bowen Basin Taroom Trough key advantages Overview For personal use only LNG Export Terminal McArthur Basin Beetaloo Basin Strategic location – Access to existing gas pipelines to east coast domestic and LNG markets OMEGA PROJ
Slide 8: The Taroom Trough is Australia's Exploration Hotspot
The Taroom Trough is Australia’s Exploration Hotspot Omega, Shell and Elixir Energy Limited (ASX: EXR) all executing significant programs in the Taroom Trough Omega’s Taroom Trough Acreage Holdings Operator Expected 2026 Activity For personal use only Omega – 4 firm wells across Canyon Project and A
Slide 9: Regionally Extensive Petroleum System Confirmed
Regionally Extensive Petroleum System Confirmed Pervasive regional hydrocarbon charge, multiple geopressured Permian clastic reservoirs west ~60mi east Key Takeaways For personal use only Myall Creek-2 Dunk-1 Daydream-2 Fantome-1 Tasmania-1 Canyon-1 Bennett-1 Depth (ft*) – Geological analog - Anadar
Slide 10: Omega's Canyon-1H v US Analogs
Omega’s Canyon-1H v US Analogs Canyon Sandstone compares favorably with Permian Basin analogs supported by an extensive data set Comparison to Permian Basin Analog Average Reservoir Characteristics1 Permian Basin Analog Production Type Curve by Operator 2 For personal use only BOE per day Metric Can
Slide 11: Canyon North Provides Increased Permian Fairway
Canyon North Provides Increased Permian Fairway Geology from Canyon Project extends into recently awarded adjacent acreage A A’ South Existing Omega Acreage (PCA 342 and PCA 343) Newly Awarded Acreage ATP 2081 (PLR2025-1-9) North For personal use only Canyon-2 Canyon-1 Tasmania-1 Legend -500 Top Per
Slide 12: Canyon and Canyon North Project
Canyon and Canyon North Project Proof of concept delivered with significantly material gas and oil upside across five reservoirs Canyon and Canyon North Project Depth (ft) Surface Reservoir fluid type For personal use only Overview – Five regionally correlated reservoirs confirmed – One reservoir tes
Slide 13: Omega's High-impact 2026/27 Appraisal Program
Omega’s High-impact 2026/27 Appraisal Program Targeting a step-change in value. Drilling scheduled to commence May 2026 Canyon and Canyon North Appraisal Program Objectives: For personal use only – Further de-risk play, demonstrate material scale of play fairway, and demonstrate repeatability of com
Slide 14: Stimulation Program Optimization
Stimulation Program Optimization Optimization roadmap likely to deliver flow rate upside Longer lateral and larger stimulated rock volume allows well to flow at higher rates Canyon-1H (2025) Interim Design Future State Design For personal use only Type Exploration – play opener Appraisal Development
Slide 15: Omega backed by a Private Oil and Gas Company Based in Texas
Omega backed by a Private Oil and Gas Company Based in Texas Tri-Star is a major shareholder in Omega and has been operating in Australia for over 40 years For personal use only Operating in Australia since 1980s Listed on Australian Stock Exchange in 2022 Tri-Star: Omega (PCAs 342 and 343 and ATP 2
Slide 16: Highly Experienced Board and Management Team
Highly Experienced Board and Management Team With strong financial credentials and a proven track record of delivering oil and gas development projects For personal use only Corporate Overview (as at close February 13, 2026) Chair Non-Executive Director Martin Houston Quentin Flannery Stock code OMA
Slide 17: Listing Rule 5.41 and 5.34 Disclosures
Listing Rule 5.41 and 5.34 Disclosures The estimates of Reserves and Contingent Resources reported in this ASX Announcement have been independently reviewed and verified by Netherland, For personal use only Sewell & Associates, Inc., qualified resource evaluators and were first reported in the ASX r
Slide 18: Glossary
Glossary Acronym For personal use only API American Petroleum Institute ATP Authority to Prospect BOPD Barrels of oil per day MMscf/d Million standard cubic feet per day MMBtu Million British thermal unit NSAI Netherland, Sewell & Associates, Incorporated NRI Net Revenue Interest TCFE Trillions of C